Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
Closure of CIRP may be ordered where withdrawal under section 12A read with Regulation 30A is infeasible because CIRP costs remain uncrystallised and Form FA and a bank guarantee cannot be furnished. Where all creditor claims are settled or covered by accepted full-and-final settlements, no resolution plan exists, and the appellant undertakes to pay CIRP costs as determined, continuing CIRP serves no insolvency-resolution purpose and only increases costs. CIRP was closed subject to payment of the operational creditor's agreed settlement and CIRP costs following determination by the Adjudicating Authority.
Closure of CIRP may be ordered where withdrawal under section 12A read with Regulation 30A is infeasible because CIRP costs remain uncrystallised and Form FA and a bank guarantee cannot be furnished. Where all creditor claims are settled or covered by accepted full-and-final settlements, no resolution plan exists, and the appellant undertakes to pay CIRP costs as determined, continuing CIRP serves no insolvency-resolution purpose and only increases costs. CIRP was closed subject to payment of the operational creditor's agreed settlement and CIRP costs following determination by the Adjudicating Authority.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
